Sunday, January 29, 2017 2:05:43 AM
Have you guys heard of HSR Act?
https://en.wikipedia.org/wiki/Hart%E2%80%93Scott%E2%80%93Rodino_Antitrust_Improvements_Act
The grant back license expired at the end of December 31st, 2016, and this enabled Bevo Argo not to report anything that was earned by using the product in 2016 by URBF. This gave URBF free reign to reap in the money, even though they were going out of business.
In the HSR Act, there is a 30 day period that they need to go through the US Government to make this acquisition complete. Once completed, they had to meet a minimum requirement of having $76.3 million in order to move forward so that BVO Argo can use URBF ticker to tap into the US market.
According to the previous financial report, they were very close to that mark, and we believe they already have at this point. The 30 day period is coming to a close since the expiration of the Grant Back License.
Thus explains why there has been over 1 million shares of buys in the past week for URBF. People see this coming and want to stake in time for the complete acquisition.
Pilots Against Drunk Flight (PADF)
OUR Pilots ARE sober
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM